OFE net assets value drops in May

The net assets of the Polish private pension fund (OFE) amounted to some PLN 172.6 billion in May, a 1.7 percent month-on-month decrease, according to a report issued by researcher Analizy Online. “May was the worst month of the year so far for the Warsaw Stock Exchange, despite most global indices reaching record highs. This translated in 1.7 percent drop in OFEs assets,” the report said. Despite such results, the average return rate is above 25 percent. Overall, since the beginning of the year, the net assets of OFEs grew by 12.9 percent.